WORKING PAPERS
“The Value of Control and the Costs of Illiquidity,” (with Enrique Schroth) First version July 2012. Online appendix. Revise and Resubmit at Journal of Finance.
“Trade Credit and Cross-Country Predictable Firm Returns,” (with Tarun Ramadorai and Sumudu Watugala) December 2012. Revise and Resubmit at Journal of Financial Economics.
“Valuation Risk and Asset Pricing” (with Martin Eichenbaum and Sergio Rebelo) January 2013. Slides for presentation at Bundesbank from May 2012 (under old title of “Understanding the Equity-premium Puzzle and the Correlation Puzzle”)
“A Simple Method to Estimating the Marketability Discount of Large Blocks of Shares,” (with Enrique Schroth) August 2012. Managerial version of “The Value of Control and the Costs of Illiquidity.”
“Corporate Social Responsibility and Asset Pricing in Industry Equilibrium,” (with Art Durnev and Yrjo Koskinen) January 2013. First version: November 2011.
“Skewness in Stock Returns, Periodic Cash Payouts, and Investor Heterogeneity,” March 2010. First version: November 2009.
“
Corporate Governance and Asset Prices in a Two-Country Model,” (with Neng Wang) July 2004.
